David Blumenstein was named president and CEO at The Segal Group, effective Oct. 1, spokesman Todd Kohlhepp said.
Mr. Blumenstein will succeed Joseph A. LoCicero, who will become chairman of Segal’s board of directors.
Howard Fluhr, current chairman and former president and CEO, will transition to chairman emeritus.
Mr. Blumenstein is currently senior vice president, national multiemployer practice leader, at Segal. He is also a member of firm’s the board of directors. A replacement for Mr. Blumenstein has not yet been determined.
The Segal Group provides investment, benefits, actuarial and human resources consulting and insurance brokerage services.
Segal Rogerscasey, the firm’s investment consulting unit, has $400 billion in assets under advisement.